Monday, 8 May 2017

In the current economic climate, being able to purchase
financial failure protection is imperative.

Some Travel Insurers incorporate
this as part of their overall policy wording, but in the main most don’t offer
this cover.

It is important to remember that the civil aviation authorities
ATOL scheme only applies if a flight plus another component part of the trip
are part of the same booking. You can check if your trip is ATOL protected as
you should receive a certificate which shows the name of the firm and their
ATOL number. You can also check them on the ATOL register.

As most people make
their travel arrangements independently, there is no government protection
against the financial failure of Airlines or other end suppliers you are
booking with. Imagine being on holiday, to find the airline you have booked
with has failed and you have no means of repatriation other than to try and
rebook a return ticket with an alternative flight provider.

The cost of a
ticket in these circumstances can be up to three times more than the original
ticket price. You could also find yourself in this position a few days before
you are due to travel, and would then have to hastily try and find another
provider, but again the cost will be far more than the original price paid.
You can purchase cover against this eventuality from a specialist Insurer
offering stand-alone policies from as little as £5.00 per person travelling.